Costco Wholesale Corporation (COST) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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COST EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
COST Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 12.8% | 3.8% | 2.9% |
| 2024 | 12.6% | 3.6% | 2.9% |
| 2023 | 12.3% | 3.3% | 2.6% |
| 2022 | 12.1% | 3.4% | 2.6% |
| 2021 | 12.9% | 3.4% | 2.6% |
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Costco Wholesale Corporation (COST) Earnings Overview
As of May 6, 2026, Costco Wholesale Corporation (COST) reported trailing twelve-month net income of $8.55B, reflecting +10.0% year-over-year growth. The company earned $19.23 per diluted share over the past four quarters, with a net profit margin of 2.9%.
Looking at the long-term picture, COST's 5-year EPS compound annual growth rate (CAGR) stands at +15.1%, indicating exceptional earnings growth. The company achieved its highest annual net income of $8.10B in fiscal 2025, representing a new all-time high.
Costco Wholesale Corporation maintains positive profitability with a gross margin of 12.8%, operating margin of 3.8%, and net margin of 2.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including WMT ($22.91B net income, 3.1% margin), TGT ($4.04B net income, 3.5% margin), BJ ($578M net income, 2.7% margin), COST has room to improve margins relative to the peer group. Compare COST vs WMT →
COST Earnings vs Peers
Earnings metrics vs comparable public companies
COST Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $8.10B | +9.9% | $10.38B | $18.21 | 2.9% | 3.8% |
| 2024 | $7.37B | +17.1% | $9.29B | $16.56 | 2.9% | 3.6% |
| 2023 | $6.29B | +7.7% | $8.11B | $14.16 | 2.6% | 3.3% |
| 2022 | $5.84B | +16.7% | $7.79B | $13.14 | 2.6% | 3.4% |
| 2021 | $5.01B | +25.1% | $6.71B | $11.27 | 2.6% | 3.4% |
| 2020 | $4.00B | +9.4% | $5.43B | $9.02 | 2.4% | 3.3% |
| 2019 | $3.66B | +16.8% | $4.74B | $8.26 | 2.4% | 3.1% |
| 2018 | $3.13B | +17.0% | $4.48B | $7.09 | 2.2% | 3.2% |
| 2017 | $2.68B | +14.0% | $4.11B | $6.08 | 2.1% | 3.2% |
| 2016 | $2.35B | -1.1% | $3.67B | $5.33 | 2.0% | 3.1% |
Full COST Stock Analysis
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View ValuationCompare COST vs WMT
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Start ComparisonCOST — Frequently Asked Questions
Quick answers to the most common questions about buying COST stock.
Is COST growing earnings?
COST EPS stands at $19.23, with +10.0% growth matching the 5-year CAGR of +15.1%. TTM net income is $8.5B. Earnings trajectory remains consistent.
What are COST's profit margins?
Costco Wholesale Corporation net margin is +2.9%, with operating margin at +3.8%. Below-average margins reflect competitive or cost pressures.
How consistent are COST's earnings?
COST earnings data spans 1989-2025. The current earnings trend is +10.0% YoY. Historical data enables comparison across business cycles.